ANUNAYNAMA / MONEY EXPLAINED
Your old FD rate is not your renewal rate
Hindi audio and Hindi subtitles · AI-assisted narration and visuals
The explanation
An ordinary fixed-rate deposit generally follows its agreed contract rate until maturity. Renewal into a new term can use a different applicable rate. Check the maturity date, renewal instructions, the current published rates and the new deposit terms. Floating-rate products, premature withdrawal and overdue deposits may work differently.
Educational examples only. Check the rules currently applicable to your bank and product before acting.
Sources & further reading
- RBI Commercial Banks Interest Rate on Deposits Directions 2025, updated 1 October 2026
- Primary deposit-contract example for auto-renewal; individual product terms govern
Source review: 2 November 2026. Rules and product terms can change.
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